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Free AccessHouse Vote On Israel/Ukraine Aid Likely On Friday
House Speaker Mike Johnson (R-LA) outlined his plan to pass supplemental foreign aid. A package comprised of four bills: One each for Israel, Ukraine, and Taiwan and fourth of GOP policy; the REPO Act; the House-passed TikTok bill; a Lend-Lease Act for military aid; and a bill to convert some Ukraine grants into loans.
- Johnson told reporters yesterday that he expects to release the text today with a vote likely by Friday. If all the bills pass the chamber, they are to be merged into a single piece of legislation to ease passage through the Senate.
- According to Punchbowl News, Johnson plans to lean on Democrat support to bring the package of bills to the floor under a single rule - which they are likely to do.
- House Minority Leader Hakeem Jeffries (D-NY) said: “We’re not going to come to any conclusion about process until we understand the substance. If we are substantively aligned, then we can have the procedural conversation.”
- Johnson is likely to allow an amendment process but any poison pills riders like the hardline House-Republican border package H.R. 2 have little chance of making a final package.
- As the package includes aid for Ukraine, there is a credible risk that hardliner Marjorie Taylor Greene (R-GA) could trigger a vote to oust Johnson. However, there has been little support from other conservatives and an endorsement from former President Donald Trump could be sufficient to dissuade other potential rebels.
- The TikTok bill could be a point of contention in the Senate where it has received a lukewarm reception despite the overwhelming backing of the House.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.